Transocean CFO Misspeaks, it’s NOT Likely Employees Will be Indicted in DWH Disaster

HOUSTON--Transocean Ltd. (RIG, RIGN.VX) said an executive misspoke Tuesday morning when he said that the company expected the U.S. to file more charges against workers of companies involved in the 2010 Deepwater Horizon explosion. Greg Cauthen, Transocean's interim chief financial officer, said during an investor presentation that in the wake of public statements by the U.S. … [Read more...]

Wärtsilä and Kongsberg To Provide Full Dynamic Positioning Package for Songa Offshore

Wärtsilä and Kongsberg Maritime have been contracted to supply the power, positioning, and automation systems for two new drilling rigs ordered by Songa Offshore AS, the Norwegian arm of the Cyprus-based offshore drilling company. These so called cat D semi-submersible rigs are tailor designed for use by Statoil in mid-water segments, and are being built at the Daewoo … [Read more...]

Teekay to enter the offshore windfarm installation business

Hamilton, Bermuda, June 29, 2011 - Teekay Corporation (NYSE: TK) (Teekay) today announced it has signed a memorandum of understanding (MOU) with A2SEA A/S (A2SEA) to jointly develop an innovative vessel design for the installation of offshore wind foundations. A2SEA is a leading service provider to the offshore wind sector. The MOU encompasses the key terms of cooperation … [Read more...]

Exclusive Interview With Deepwater Horizon Survivor Yancy Keplinger

On April 20th 2011, the one year anniversary of the BP rig explosion, gCaptain was honored to conduct video interviews with many survivors of the Deepwater Horizon. Today's interview is with Senior Dynamic Positioning operator Yancy Keplinger the rig's most veteran watchstander on duty at the time of the incident. Yancy, along with 3rd Mate Andrea Fleytas, the 23 year old … [Read more...]